Hub Group Inc (HUBG)

Debt-to-equity ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	245,574	243,834	238,213	236,160	240,724	217,771	188,058	174,669	177,479	165,652	143,101	154,341	176,797	149,004	167,857	284,076	186,934	192,422	199,194	215,233
Total stockholders’ equity	US$ in thousands	1,634,640	1,629,070	1,610,740	1,659,050	1,599,600	1,517,380	1,535,190	1,426,970	1,340,310	1,255,120	1,207,080	1,176,500	1,157,920	1,135,010	1,105,840	1,088,710	1,075,280	1,044,560	1,032,580	1,007,060
Debt-to-equity ratio		0.15	0.15	0.15	0.14	0.15	0.14	0.12	0.12	0.13	0.13	0.12	0.13	0.15	0.13	0.15	0.26	0.17	0.18	0.19	0.21

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $245,574K ÷ $1,634,640K
= 0.15

The debt-to-equity ratio of Hub Group, Inc. has been relatively stable over the past eight quarters, ranging between 0.19 and 0.22. This indicates that the company has maintained a balanced mix of debt and equity in its capital structure during this period. A lower debt-to-equity ratio suggests that the company relies more on equity financing than debt financing to fund its operations, which can be viewed positively by investors and creditors as it signifies lower financial risk. Conversely, a higher ratio may indicate higher leverage and financial risk for the company. Overall, Hub Group, Inc. has shown consistent management of its debt and equity levels, reflecting a prudent approach to capital structure management.